Oil
![Oil](/cache/2015/09/OIL-55.c905aafa.jpg)
2015, September, 3, 19:00:00
OIL PRICES UPDOWN
Oil prices fell more than 7 percent on concerns about global demand for petroleum, reversing a three-day rally that had pushed U.S. crude up 27.5 percent.
![Oil](/cache/2015/09/ROSNEFT-10.84cf9b31.jpg)
2015, September, 3, 18:40:00
STRONG ROSNEFT
‘Magadanmorneftegaz, Lisyanskmorneftegaz (joint ventures of Rosneft and Statoil) and China Oilfield Services Limited (COSL) signed a contract to drill two exploration wells in 2016. The wells will be drilled in the Magadan-1 and Lisyansky areas of the Okhotsk Sea’ Rosneft wrote on Wednesday.
![Oil](/cache/2015/09/CHINA-19.74b973a5.jpg)
2015, September, 3, 18:35:00
CHINA OIL FUTURES
China, the world's second-biggest oil consumer, has already begun to loosen its grip on the physical oil sector this year by granting quotas for imported crude to privately-owned refiners for the first time, surprising market participants with the speed of reform.
![Oil](/cache/2015/08/OIL-52.fa0cd816.jpg)
2015, September, 1, 19:00:00
OIL UP 25%
Oil prices have rocketed more than 25 per cent in three trading sessions, with the latest boost coming from data on US production and vague hints of a change of thinking inside the Opec producers’ cartel.
![Oil](/cache/2015/08/SAUDI-9.a2266aa6.jpg)
2015, September, 1, 18:55:00
OPEC'S VOICE
“Today’s continuing pressure on prices, brought about by higher crude production, coupled with market speculation, remains a cause for concern for OPEC and its members—indeed for all stakeholders in the industry,” the commentary in the latest OPEC Bulletin said.
![Oil](/cache/2015/08/OIL-53.329bd905.jpg)
2015, September, 1, 18:50:00
OPEC GAINS 2016
Supplies outside OPEC are expected to contract in 2016 for the first time since 2008, sliding by 200,000 barrels a day, according to the International Energy Agency. With consumption set to grow by 1.4 million barrels a day, OPEC and its de facto leader Saudi Arabia could seize the chance to broaden their market as competitors damaged by the price slump fall off.
![Oil](/cache/2015/08/RUSSIA-22.6e00ecd5.png)
2015, September, 1, 18:45:00
RUSSIA READY TO DISCUSS
"It's quite possible that if oil prices remain at the low levels for long, oil production could decline, as had been the case before. Anyway, we don't expect any significant cuts,"
![Oil](/cache/2015/08/USA-46.519ad941.jpg)
2015, September, 1, 18:40:00
U.S. OIL DECREASE
EIA estimates U.S. crude oil production in June 2015 at 9.3 million barrels per day (b/d), a decrease of approximately 100,000 b/d from the revised May 2015 figure. Production estimates released in the PSM for January through May were revised downward by 40,000 b/d to 130,000 b/d. The largest revisions in volume include decreases of oil production in Texas (ranging from about 100,000 b/d to 150,000 b/d) and increases in the federal Gulf of Mexico (ranging from about 10,000 b/d to 50,000 b/d). U.S. crude oil production for the first six months of 2015 averaged 9.4 million b/d.
![Oil](/cache/2015/08/RUSSIA-21.22bcc090.jpg)
2015, September, 1, 18:30:00
RUSSIA'S BIGGER JUMP
"We cut our real GDP outlook... to take into account a weaker-than-expected second quarter, a deteriorating global emerging market outlook, and our oil price revisions,"
![Oil](/cache/2015/08/OIL-54.1f3384c4.jpg)
2015, September, 1, 18:25:00
PRODUCERS NEED $ 500,000,000,000
At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt.
![Oil](/cache/2015/08/RUSSIA-20.e5f6f849.jpg)
2015, August, 31, 19:00:00
RUSSIA RAISES PROFITS
Russian oil firms are increasing their rouble profits and raising production as a weak currency protects their business, which has turned into one of the world's most profitable.
![Oil](/cache/2015/08/USA-45.fc40410b.jpg)
2015, August, 31, 18:45:00
U.S. RIGS DOWN 8
U.S. Rig Count is down 8 rigs from last week to 877, with oil rigs up 1 at 675, gas rigs down 9 to 202, and miscellaneous rigs unchanged at 0.
![Oil](/cache/2015/08/OIL-106.55fd7e3c.jpg)
2015, August, 28, 18:30:00
OIL DEMAND ROSE
Demand for and production of oil and refined products grew across the board over the last year,” said API Chief Economist John Felmy. “In fact, demand for and production of oil and refined products were the highest July in eight years, since 2007.”
![Oil](/cache/2015/08/OIL-50.fc9b6897.jpg)
2015, August, 28, 18:25:00
OIL PRICE UP 10%
Brent crude, the international benchmark, jumped by $4.42 a barrel in afternoon trading to settle at $47.56. The 10.2 per cent gain marked its biggest one day advance since December 2008.
![Oil](/cache/2015/08/OPEC-8.2339a2d7.jpg)
2015, August, 28, 18:20:00
OPEC IS JUST NOICE
Although OPEC's statutes say support from a simple majority of the 12 members can trigger an extraordinary meeting, none will occur without support from Saudi Arabia, which has yet to give its blessing, OPEC delegates say.